The following are articles relevant to the Professional Investigator. Click on the title to make a comment or join the conversation.
ASIC action may cost Dixon Advisory tens of millions – 4 September 2020
Dixon Advisory may be facing up to tens of millions of dollars in penalties for allegedly failing to act in its clients’ best interests and provide appropriate advice after the corporate regulator launched civil action in the Federal Court.
ASIC bans crypto scammer – 4 September 2020
ASIC has banned John Louis Anthony Bigatton, from financial services for seven years, after it was found he engaged in misleading or deceptive conduct whilst being a representative of the online cryptocurrency platform BitConnect.
https://www.financialstandard.com.au/news/asic-bans-crypto-scammer-172343213
Crown board’s full-page advertisement ‘misled’ stock exchange – 3 September 2020
The board of Crown Resorts has admitted that details in a release to the market and newspaper advertisement last year, that claimed its most infamous high-roller gambling partner, Suncity, was controlled by a regulated Hong Kong firm was incorrect. The partnership was actually with Alvin Chau Cheok Wa, who is the chairman of the listed company. Mr Chau was blocked from entering Australia last year due to his suspected links to organised crime and money laundering.
ASIC bans former National Representative of BitConnect cryptocurrency investment scheme from providing financial – 3 September 2020
ASIC has banned John Louis Anthony Bigatton, of NSWs, from providing financial services for seven years. ASIC found that, in connection with his promotion of BitConnect and the BitConnect Lending Platform, Mr Bigatton provided unlicensed financial product advice and engaged in conduct, in relation to financial products and financial services, which was misleading or deceptive or was likely to mislead or deceive.
